Cardano (ADA) experienced a historical price surge, jumping from $0.64 to $1.13 in a single day after President Trump mentioned it as a key asset in the U.S. Crypto Strategic Reserve.
Analysts predict ADA could reach $40 before a correction back to around $6, emphasizing a bullish outlook and potential for price doubling.
On-chain data reflects Cardano's growing momentum, with increased daily active addresses and dApp deployments. The Total Value Locked has also seen a sharp increase.
The potential launch of Cardano spot ETFs in the U.S. and the call for ADA listing on prominent exchanges could further fuel demand for the cryptocurrency.